UBS Analysts Raise Nordea's Rating Post Strong Q2 Performance
Monday, 15 July 2024, 06:51
UBS Upgrades Nordea's Rating
Following strong Q2 results, UBS has raised Nordea's rating to 'Buy' with a target price of 144 SEK. The core capital ratio of the bank outperformed expectations, indicating resilience in the face of challenges.
Positive Market Prospects
The upgrade by UBS signals confidence in Nordea's performance and growth trajectory amidst prevailing headwinds, positioning the bank favorably in the market.
- Strategic Move: UBS's 'Buy' rating reflects a bullish outlook on Nordea's future prospects.
- Resilience: Nordea's strong core capital ratio demonstrates its ability to navigate market challenges effectively.
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